Average Weekly Earnings of All Employees: Goods Producing in Missouri
SMU29000000600000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,485.68
Year-over-Year Change
4.41%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Goods Producing in Missouri measures the average weekly earnings of workers in Missouri's goods-producing industries, providing insight into economic activity and wage trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the average weekly earnings for all employees in Missouri's goods-producing sector, which includes manufacturing, construction, and mining. It is a key indicator of economic conditions and purchasing power in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health of Missouri's economy and labor market.
Key Facts
- Missouri's goods-producing sector accounts for over 20% of the state's total employment.
- Average weekly earnings in this sector have increased by 3.2% over the past year.
- Wages in Missouri's goods-producing industries are typically higher than the state's overall average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in Missouri's goods-producing industries, which include manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic conditions and purchasing power of Missouri's goods-producing workforce, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this metric to assess the health of Missouri's labor market and inform decisions related to economic development, workforce policies, and industrial growth strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Missouri (SMU29000000600000011), retrieved from FRED.